Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

These social impact bonds have an old-fashioned name: tax-free munis

Washington D.C. (green infrastructure), Seattle (affordable housing) and Philadelphia (low-income housing repairs) are all issuing bonds to fund quality-of-life improvements that could drive long-term fiscal value.

We reported last month on growing impact investor interest in the $3.7 trillion muni-bond market (see, “How investors can help rebuild communities with muni bonds”).

This week, Kresge Foundation highlighted the lack of socio-economic factors in muni-bond risk frameworks. Poverty levels, income inequality, availability of affordable housing and civic engagement “could significantly impact the long-term fiscal and operational soundness” of a city, write Kresge’s Kimberlee Cornett and Napoleon Wallace.

Activest is a new platform to steer investors away from cities that charge residents excessive fees, for example.

“We think we can start to create a municipal justice index, and give cities a score on how their social impact practices compare to each other,” says founder Ryan Bowers.

Photo credit: Peter Baker via flickr

You might also like...